Barclays Forecasts EUR/CHF to Reach 0.90

Barclays Forecasts EUR/CHF to Reach 0.90

Barclays maintains its outlook that the Swiss franc will gradually strengthen against the euro, projecting the EUR/CHF exchange rate to move toward 0.90. The bank notes that the Swiss National Bank (SNB) has shown reluctance to limit franc appreciation through negative interest rates or significantly larger foreign‑exchange interventions, even though it has adopted a generally dovish stance and is likely to have increased its intervention activity since the March policy meeting.

Barclays points to current‑account trends and recent growth data indicating that Switzerland’s economy has handled the currency appreciation well so far, suggesting that the franc is not markedly overvalued. The SNB’s largely unchanged policy response and the absence of fundamental external imbalances, according to Barclays, support the view of continued Swiss franc strength.

Published 23‑06‑2026, 11:26 pm; source: Reuters.